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Futures Strip

A series of futures contracts with sequential delivery months. Most often, it refers to a series of interest rate futures...

Better-of-Two Assets Option

An rainbow option (also known as an either-or option or an alternative option) whose payoff is based on the performance...

Option on the Maximum

An option that confers on its holder the right to choose between two risky assets (the two underlying assets), whichever...

Standard Swap

A standard swap structure in which swaps have generic or well-defined features, especially in relation to coupons, notional principal, swap...

Money Market Futures Option

An option contract that grants the holder the right, without the obligation, to buy or sell a money market futures...

Money Market Hedge

Short term techniques which are used to lock in foreign exchange rates and cash equivalents. This is typically done by...

Maximum Option

An option to exercise on a bundle of vanilla options with the same expiration date but different strike prices, optionalities...

Money-Back Option

A contingent payment option which guarantees to return the premium at expiration if the option is not exercised. Also, a...

Bond Futures

A futures contract which is entered into by an investor willing to buy or sell a specified bond for a...

Bond Forward Contract

A forward contract in which the seller (the short) agrees to deliver a specific bond to the buyer (the long)...